Thank you Ben Bernanke for all the money printing. Thanks to a massive injection of cash into the financial system by the Federal Reserve and other central banks, the price of almost every major commodity has skyrocketed over the past six months. Now those price increases are starting to filter down to the retail level. During a recent meeting with USA TODAY's editorial board, Wal-Mart CEO Bill Simon said that rising inflation in the United States is "going to be serious" and that Wal-Mart is "seeing cost increases starting to come through at a pretty rapid rate." For many years Wal-Mart has been famous for their "low prices", so for the head of Wal-Mart to publicly warn that much higher prices are coming is more than a little alarming. There are millions of American families that are already drowning in debt, that can barely pay their mortgages and that are struggling to put food on the table for their families. So what is going to happen to the U.S. economy when prices start rising substantially at places such as Wal-Mart?
But Wal-Mart is not the only major corporation that says that inflation is coming. Hershey has just announced price increases of about 10 percenton their entire line of products.
So if you like chocolate you better start stocking up now.
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